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Form No. 435 (01/14)

IMPORTANT INFORMATION

In order for the Beneficiary to be eligible to receive Canada Disability SavingsGrants (CDSG) and Canada Disability Savings Bonds (CDSB), informationprovided on the BMO Disability Savings Plan application form must matchexactly to the information on file with Human Resources and SkillsDevelopment Canada (HRSDC) and Canada Revenue Agency (CRA) for theAccountholder(s), Beneficiary and Primary Caregiver (if applicable).

Note: Ensure that the correct HRSDC CDSB/CDSG Application Form is completed.Include all PCG information on the applicable grant forms. For beneficiaries age 18 at the time the application for the Disability Savings Plan is made andthose who turned 18 during the year of the application, the HRSDC form forBeneficiaries Aged 18 or Over must be completed. In addition, Part C of theHRSDC form for Beneficiaries Under the Age of 18 must be completed since the PCG information at the beginning of the year is mandatory to apply forCDSG and/or CDSB.

ATTENTION: BRANCH EMPLOYEES

Clients may require assistance with completing and/or transmitting theRegistered Disability Savings Plan (RDSP) application to

BMO Investment Centre (BMO IC).

Fax all completed RDSP applications to 1-888-840-2817 or 1-888-840-2816 and advise the client that A BMO IC representative will be

contacting them to review the application.

If the client requires assistance with completing the application, please directthe client to BMO IC at 1-800-665-7700 or visit the RDSP website at:

bmo.com/RDSP/process

Accountholder 1 Detai ls : Mr. Mrs. Miss Ms. Dr. Other _______________ Gender: Male Female

_______________________________________ _______________________________________ ___________________________________________Last Name First Name Middle NameOr

_____________________________________________________________ _____________________________________________________________Public Department, Agency or Institution (if applicable) Contact name of the Public Department, Agency or Institution (if applicable)

Birth Date* S.I.N. B.N. (if applicable)

________________________________________________________________________________________________________________________________Accountholder 1 Address

_____________________________________________________________ Language: English FrenchCity Province Postal Code

[_______]_______________________________ [_______]_______________________________ ___________________________________________Telephone Number (Residence) Telephone Number (Business) E-Mail Address

_____________________________________________________________ _____________________________________________________________Occupation Source of Wealth (See Branch Instruction Sheet for details)

_____________________________________________________________ _______________________________Name of Employer Number of Dependant(s)

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Form No. 435 (01/14)

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TMTrade-mark of Bank of Montreal

®Registered trade-mark of Bank of Montreal

ACCOUN THO LD E R ( S ) D E TA I L S ( COMP L E T E F O R N EW A CCOUN T ON LY )

NEW/EXISTING ACCOUNT APPLICATION BMO DISABILITY SAVINGS PLAN (DSP)

1 ACCOUN T T Y P E

Account No. (Mandatory)

RISR Transit

________________________________________________________________ _______________________________________________________________Accountholder Last Name Accountholder First Name

BMO INVESTMENTS INC.

Accountholder name must match name on S.I.N. card as required by CRA.Contributions to the DSP cannot be made after the calendar year in which the Beneficiary turns 59 years of age.

Account Effective Date (DD/MMM/YYYY)

For referral use only: Name ___________________________________________________ RISR Transit

New Existing Transfer from an RDSP account from another Financial Institution Account opens under the Qualified Family Member Rule

Rollover from RRSP/RPP/RRIF account (also complete CRA Form RC4625): External Account #:_________________ or Internal Account #: _________________

Specimen Plan Number RDSP 2-527-001

Accountholder 2 Detai ls : Mr. Mrs. Miss Ms. Dr. Other _______________ Gender: Male Female

_______________________________________ _______________________________________ ___________________________________________Last Name First Name Middle NameOr

_____________________________________________________________ _____________________________________________________________Public Department, Agency or Institution (if applicable) Contact name of the Public Department, Agency or Institution (if applicable)

Birth Date* S.I.N. B.N. (if applicable)

________________________________________________________________________________________________________________________________Accountholder 2 Address

_____________________________________________________________ Language: English FrenchCity Province Postal Code

[_______]_______________________________ [_______]_______________________________ ___________________________________________Telephone Number (Residence) Telephone Number (Business) E-Mail Address

_____________________________________________________________ _____________________________________________________________Occupation Source of Wealth (See Branch Instruction Sheet for details)

_____________________________________________________________ _______________________________Name of Employer Number of Dependant(s)

________________________________________________________________________________________________________________________________Accountholder Mailing Address (if applicable)

_____________________________________________________________ ______________________________City Province Postal Code Country (if not Canada)*Mandatory for Accountholder who is not a Public Department, Agency or Institution.

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4 PRIMARY CAREGIVER (PCG) (complete only if the Beneficiary is under age 18) (COMPLETE FOR NEW ACCOUNT ONLY)

Important information: Primary Caregiver (PCG) is the eligible individual who is receiving (or would be receiving if qualified) the Canada Child Tax Benefit at the time of thecontribution or at the time of the request for the Canada Disability Savings Bond; or the Department, Agency or Institution that receives the allowance payable under theChildren’s Special Allowances Act.

PCG’s name must match name on S.I.N. card as required by CRA.

Mr. Mrs. Miss Ms. Dr. Other _____________________ Gender: Male Female

_______________________________________ _______________________________________ ___________________________________________Last Name First Name Middle NameOr_______________________________________________________________________________________________________________________________Public Department, Agency or Institution (if applicable)

PCG Birth Date PCG S.I.N. PCG. B.N. (if applicable)

[_______]______________________________________________________Telephone Number (Business)

Cert i f i cat ion of Pr imary CaregiverAs the Primary Caregiver of the Beneficiary,

I, ___________________________________________________ certify that the information I have provided is, to the best of my knowledge, correct and complete.(Name of Primary Caregiver)

I agree that this information may be used by the Government of Canada to validate the Beneficiary’s information and disability tax credit (DTC)-eligibility.

_____________________________________________________________Signature of Primary Caregiver Date

_______________________________________ _______________________________________ ___________________________________________Beneficiary Last Name Beneficiary First Name Beneficiary Middle Name

______________________________________________________________________________________________________________________________Beneficiary Address

_____________________________________________________________City Province Postal Code

[_______]_____________________________________________________ [_______]_______________________________________________________Telephone Number (Residence) Telephone Number (Business)

_____________________________________________________________ [_______]______________________________________________________Contact Person (if other than the Beneficiary) Telephone Number (Contact Person)

Canadian Resident: Yes No (Mandatory)

Beneficiary Gender: Male Female

Beneficiary Language Preference: English French

Beneficiary Birth Date Beneficiary S.I.N.

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2 ACCOUN THO LD E R ( S ) D E TA I L S ( CON T ’D )

3 B EN E F I C I A R Y D E TA I L S ( COMP L E T E F O R N EW A CCOUN T ON LY )

For Accountholders, other than the Beneficiary, please answer all of the following: Accountholder 1 Accountholder 2

Are you a legal parent of the Beneficiary? Yes No Yes No

Are you the spouse or common-law partner of the Beneficiary? Yes No Yes No

Are you a guardian, tutor, curator or other individual who is legally authorized to act on behalf of the Beneficiary? Yes No Yes No

Are you a public department, agency, or institution that is legally authorized to act on behalf of the Beneficiary? Yes No Yes No

Please attach additional pages in case of a third Accountholder.

Form No. 435 (01/14)

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Beneficiary’s name must match name on S.I.N. card as required by CRA.

Form No. 435 (01/14)

5 YOUR I N V E S TM EN T O B J E C T I V E S ( COMP L E T E F O R A L L P UR CHA S E S )

This information will help us ensure that you (the Accountholder) have chosen an appropriate investment option for your needs. Provincial securities laws mandatethat we obtain this information and keep it up-to-date for all purchasers of investment products. Accountholder confirms that the primary objectives stated beloware for the account and agree with his/her own personal objectives.

No material changes to investment objectives or other KYC information (proceed to Section 6)

Primary Objectives* High Low Time Horizon* Annual Income (000’s) Net Worth (000’s)

Security of Capital S Short Term (less than 2 years) A Under $20 A Under $25

Income M Medium Term (2 - 10 years) B $20 - $50 B $25 - $50

Balanced L Long Term (Over 10 years) C $50 - $100 C $50 - $100

Growth D $100 - $200 D $100 - $250

Risk Tolerance* 5 High 4 Medium to High 3 Medium 2 Low to Medium 1 Low E Over $200 E Over $250

Do you own other funds? Yes No Investment Knowledge

If yes, describe type (eg. Equity, Fixed Income, Security)_____________________________________ N Nil F Fair G Good E Excellent

*For complete details on your Primary Objectives, Risk Tolerance and Time Horizon, refer to the Terms and Conditions.

Note: Your Investment Objectives must be reviewed over the telephone with a BMOIC Representative.

7 SOUR C E O F F UND S ( S E L E C T ON E ON LY ) (used for internal purposes)

Internal: PRS Everyday Banking Account Term Mutual Funds Partner Or External: Cheque External Financial Institution

6 BMO INVESTMENT C ENTRE - T E L EPHONE ACCESS

Please set me/us up to access the BMO Investment Centre. Below is the Password that I/we will be using to access my/our account by telephone.

I/We agree to the provisions of the BMO Investment Centre Agreement stated in the Terms and Conditions.

Account to be used to settle the transaction(s) placed by telephone:

CAD Transit No. Institution No. Account No. Password (6 alphanumeric characters)

If you do not have a bank account with BMO Bank of Montreal, please attach a void cheque from your bank account to the application.

If the bank account linked to telephone access is joint, ensure signature requirement on the bank account is either/or to sign.

Transfer within this existing DSP account** (includes Term renewals) – complete details below

Fund/Portfolio No. (Name is Optional) or Certificate No. Maturity/Effective Date Balance of or Partial AmountInvestment

1. ____________________________________________________________ $_________________

2. ____________________________________________________________ $_________________

3. ____________________________________________________________ $_________________

4. ____________________________________________________________ $_________________

CAD Total: $_________________

All Grant monies will be allocated proportionally according to the current fair market value of each investment held within the plan at time of payment, or the pre-determined asset mix of the selected BMO MatchMaker Portfolio. If the market value of the plan is zero at time of payment, all Grant monies will be allocated to aSavings Account.

Loan Information: Was a loan used to purchase these funds? Yes If yes, was the loan obtained through BMO Bank of Montreal? Yes

*External Transfer of Account to BMO Investments Inc.: Please note that if you are transferring from an existing account at another institution, your investment choices asindicated in Section 8B and/or Section 8C will be implemented upon receipt of the transfer from the other institution. You acknowledge that transfers can take several weeks tocomplete, depending on the actions of the transferring institution, and that your investment choices will be implemented using the mutual fund net asset values or terminvestment rates in effect at the time the funds are received.

**Transfer within BMO investment account(s): Please note that if you are transferring within an existing account at BMO, your investment choices as indicated below will be implementedwhen the funds are available. You acknowledge that transfers can take several days, depending on the nature of the investment from which the funds are being transferred, and that yourinvestment choices will be implemented using the mutual fund net asset values or term investment rates in effect at the time the funds are available to invest in this account.

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Check applicable box(es) below:

BMO Bank Account CAD 0 0 1 –

Transit No. Institution No. Account No.Cheque Transfer-in*

8 A : S OUR C E O F I N V E S TM EN T ( F ROM )

For BMOIC use only:

Name __________________________________________________________ Date __________________________ Time _______________________

Form No. 435 (01/14)

Fund/Portfolio No. (Name is Optional) Income* Balance of or AmountOption Investment

1. _________________________________________________________________________________ ___________ $________________

2. _________________________________________________________________________________ ___________ $________________

3. _________________________________________________________________________________ ___________ $________________

4. _________________________________________________________________________________ ___________ $________________

CAD Total: $________________*Reinvest is the only Income Option available.

8 B : P UR CHA S E - MU TUA L F UND S ( TO )

Reinvest

Reinvest

Reinvest

Reinvest

8 C : P UR CHA S E - T E RM I N V E S TM EN T S AND S AV I NG S ( TO )

Savings Rates (subject to change) Balance of or AmountTier - up to $5000* Tier - $5000 and over* Investment

Savings Account $________________

*Paid on the portion of the balance within each tier. Rates shown are calculated on a per annum basis. Rates are subject to change without notice.

GICs Term Rate Issue Date Balance of or AmountInvestment

BMO Redeemable Short Term 364 days $________________Investment Certificate (R-STIC)

BMO Short Term Investment ______________ $________________Certificate days (30 to 359)

BMO Guaranteed Investment Term Rate Issue Date Balance of or AmountCertificate Investment

Annual Compound ______________ $________________months (12 to 120)

Annual Pay (to Savings)

BMO Cashable RateRiser® GIC Term Issue Date Balance of or AmountInvestment

Annual Compound 3 years $________________Annual Pay (to Savings)

Rate:1st year 2nd year 3rd year Blended

BMO RateRiser® Plus GIC Term Issue Date Balance of or AmountInvestment

Annual Compound _____________ $________________years (2, 3 or 5)


Rate:1st year 2nd year 3rd year 4th year 5th year Blended

BMO RateRiser® Max GIC Term Issue Date Balance of or AmountInvestment

Annual Compound ____________ $________________years (3 or 5)


Rate:1st year 2nd year 3rd year 4th year 5th year Blended

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07


52


55


58

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For internal use only: Authorization No._____________________________

S TAT EM EN T D E L I V E R Y O P T I ON

Select one option only: eStatement/eConfirmation* OR Paper Statement/Confirmation

*You will require access to online banking to view eStatements/eConfirmations. If you wish to receive notification when an eStatement or eConfirmation is available for viewing, you must setup an Alert in BMO Online Banking.

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Form No. 435 (01/14)

CSP Details (N,A,C)* Savings Account/Fund/Portfolio No.** (Name is Optional) Income Option*** Amount

1. _____________________________________________________________________ ___________________ $_______________

2. _____________________________________________________________________ ___________________ $_______________

3. _____________________________________________________________________ ___________________ $_______________

4. _____________________________________________________________________ ___________________ $_______________

Frequency: _____________________________________________ (annually, semi-annually, quarterly, bi-monthly, monthly, bi-weekly or weekly).

Start Date: End Date (if applicable): If this is for your own personal investment, your debit will be considered a Personal PAD by Canadian Payments Association definition. If this is for business purposes, itwill be considered a Business PAD. Monies transferred between CPA members will be considered a Funds Transfer PAD where the Payee and the Payor are the same.By signing below, I/we authorize BMO Investments Inc. to debit the bank account identified below for the amount(s) indicated above at the frequency indicated above.

Account to be Debited (Attach a void cheque if this CSP is CADbeing debited from a non-BMO Bank of Montreal account): Transit No. Institution No. Account No.Continuous Savings Plan Set Up (if applicable): I/We waive pre-notification of the debit transactions. I/We warrant and guarantee that all persons whosesignatures are required to sign on the financial institution account have signed below.

______________________________________________________________ ______________________________________________________________Bank Accountholder Signature Joint Bank Accountholder Signature (if required)*CSP Details : N - New; A - Amend; C – Cancel. ** Term Investments are not available for CSP. *** Reinvest is the only Income Option available.

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10 CON T I NUOU S S AV I NG S P L AN

Reinvest

Reinvest

Reinvest

Reinvest

Form No. 435 (01/14)

P L EA S E R EAD C A R E F U L LY AND S I GN B E LOWCertification of AccountholderBy signing below, I/We acknowledge having read, understood and agreed to all the Terms and Conditions on this form and I/We confirm that all information provided is true and accurate. As the Accountholder(s) of the disability savings plan, I/we certify that the information given on this form is, to the best of my/our knowledge, correct and complete.I/We certify that BMO Trust Company has been asked to submit the BMO Disability Savings Plan to the Government of Canada as a “registered disability savings plan” in accordance with section146.4 of the Income Tax Act.I/We understand that contributions can only be made to the registered disability savings plan by the Accountholder(s), unless the Accountholder(s) provides the Issuer with written consentauthorizing another entity to contribute in accordance with paragraph 146.4(4)(h) of the Income Tax Act.I/We agree to notify the Issuer in the event that the Beneficiary is residing outside of Canada.I/We understand that the Accountholder(s) are jointly liable with the Beneficiary (or the Beneficiary’s estate) for taxes arising in connection with the deregistration of a non-compliant plan.I/We understand that the information gathered on this form will be shared with both the Department of Human Resources and Skills Development Canada and the Canada Revenue Agency for thepurposes of administering the registered disability savings plan program and the validation of Beneficiary and Accountholder(s) information.I/We understand that in order for this disability savings plan to be registered with the Ministry of National Revenue under section 146.4 of the Income Tax Act, the beneficiary must have beenformally approved for the disability tax credit by the Canada Revenue Agency.I/We understand that in cases where the beneficiary has not been approved for the disability tax credit, BMO Trust Company will be unable to register this plan as a "registered disability savingsplan" under section 146.4 of the Income Tax Act and that this plan will not be eligible for receipt of the Canada Disability Savings Grant (CDSG) nor the Canada Disability Savings Bond (CDSB).I/We understand that the Canada Revenue Agency will use the information on this form to validate the Beneficiary’s residency and disability tax credit eligibility and that these validations will beshared with the Issuer.I/We acknowledge receipt of the Simplified Prospectus/Fund Facts for the BMO Mutual Fund(s) to which the investment is directed. I/We understand that by law, if the beneficiary has reached the age of majority but is not contractually competent to enter into the arrangement, the Accountholder must be legally authorized to acton behalf of the Beneficiary, or be eligible to act as an accountholder under the definition of Qualified Family Member. Please read the BMO DSP Trust Agreement.If you redeem or switch out of units of a mutual fund within a specified number of days after purchasing them, the fund may charge you a short-term trading penalty which may reduce the amountotherwise payable to you on the redemption or switch. Short-term trading penalties, if applied, vary from fund to fund and may be a percentage of the amount redeemed or switched or may be aflat fee. Please consult the Simplified Prospectus/Fund Facts of the fund you wish to redeem or switch to determine if a short-term trading fee may apply to your transaction and the potentialamount of the fee.If you sell another type of investment product that you hold with us in that product’s secondary market (if available) within a specified number of days after it was issued to you, an early tradingcharge may be deducted from the proceeds of the sale and may be a percentage of the amount you paid for that investment product. Please consult the offering documents of the investmentproduct you wish to sell to determine if an early trading charge may apply to your transaction and the potential amount of that charge.

By ticking this box, I/we confirm that I/we have received the Trust Agreement and Terms and Conditions.You acknowledge that if you become a non-resident of Canada temporarily or permanently, you will notify us of your country of residence and of any changes in your eligibility for tax treaty benefits.You also acknowledge that, in providing services under this agreement, BMO Investments Inc. is relying on the information you provide, as subsequently amended or supplemented.If I/we have elected to receive eStatements/eConfirmations, I/we hereby consent to the electronic delivery of BMO Investments Inc. account statements and trade confirmations (the “Documents”)related to my/our investment account(s) by delivery of such Documents to my/our BMO Online Banking profile and I/we acknowledge and understand that the Documents will not be sent to me/usby mail, email or any other method of delivery. I/We acknowledge that I/we am/are solely responsible for retrieving and viewing the Documents. I/We am/are responsible for keeping my/ourBMO Online Banking profile up-to-date and accurate and for informing BMO Investments Inc. of any change in my/our ability to access BMO Online Banking.Third Party Interest: I/We confirm that this account is not to be used by or on behalf of one or more third parties. If it is to be used by or on behalf of one or more third parties, I/we confirm thatI/we have informed my/our sales representative and that I/we have completed a Third Party Determination Form.Protecting Your Privacy: You acknowledge that you have read and understood the Privacy Disclosure and Consent provisions stated in the Terms and Conditions. By ticking the box below, you agreethat your personal information may only be shared in accordance with these provisions and our Privacy Code. For complete details on our commitment to privacy, please see Terms and Conditions andour Privacy Code called “BMO Privacy Code” available from your representative or online at www.bmo.com/privacy. The information collected and under control of the CRA and HRSDC will beadministered in accordance with the Privacy Act, the Income Tax Act, Canada Disability Savings Act and the Department of Social Development Act.

I/We agreeNature of the Securities: BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal. Commissions, trailing commissions,management fees and expenses may be associated with mutual fund investments and the use of an asset allocation service.Please read the prospectus/Fund Facts before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual fund securities are notinsured by a government deposit insurer and are not guaranteed by Bank of Montreal.

By ticking this box, I/we confirm that I/we have read the disclosure on the Nature of the Securities provided above.The following clause applies to the Province of Quebec only. It is the express wish of the parties that this agreement and any related documents be drawn up and executed in English. Les partiesconviennent que la présente convention et tous les documents s’y rattachant soient rédigés et signés en anglais.

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_____________________________________________________________ _____________________________________________________________Accountholder 1 Signature Accountholder 2 Signature

_____________________________________________________________ _____________________________________________________________Salesperson’s Name Salesperson’s Signature

(Accepted by BMO Investments Inc., on its own behalf or as agent for BMO Trust Company)

[_______]_____________________________________________________Salesperson’s Telephone Number Date of accountholder authorization

_______________________________________________________ (approved)Branch Compliance Officer’s Signature Date

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Received after 4 pm ET for BMO Mutual Funds/Portfolios

Form No. 435 (01/14)

BMO Trust Company (the “Trustee”) will act as trustee of an arrangement for a BMODisability Savings Plan, under which contributions are to be made in trust to theTrustee to be invested, used or applied for the purpose of making payments to theBeneficiary, and where the Beneficiary is eligible for the disability tax credit in thetaxation year the arrangement is entered into. In entering into the arrangement, theTrustee agrees to pay or cause to be paid Disability Assistance Payments to aBeneficiary.The arrangement will be governed by the terms and conditions of this TrustAgreement, the attached application and Applicable Legislation. Under the ITA, anAccountholder is known as a “holder” and the Trustee is known as the “issuer”. NewAccountholders are named in the attached application.The Trustee may delegate the performance of any of the Trustee's tasks, duties andresponsibilities in respect of the Plan and the Plan Trust to BMO Investments Inc. (the“Agent”). The Trustee shall, however, remain ultimately responsible for theadministration of the Plan and the Plan Trust, and shall ensure that the Plan and the PlanTrust are administered in compliance with the requirements of the Applicable Legislation.The parties, being the Trustee and the Accountholder(s), agree as follows:1. DEFINED TERMSFor the purposes of this arrangement the ensuing terms will have the following meanings:“Accountholder” means:a. an entity that has entered into the Plan with the Trustee;b. an entity who receives rights as a successor or assignee of an entity who entered

into the Plan with the Trustee; andc. the Beneficiary, if the Beneficiary has rights under the Plan to make decisions

concerning the Plan, unless the Beneficiary’s only right is to request that DisabilityAssistance Payments be made as detailed in section 10(b).

“Applicable Legislation” means the Income Tax Act (the “ITA”), the CanadaDisability Savings Act (the “CDSA”) and their Regulations that govern this Plan, theproperty in this Plan, and the parties involved in this arrangement.“Assistance Holdback Amount” has the meaning assigned under the CanadaDisability Savings Regulations.“Beneficiary” means the individual designated in the application by theAccountholder(s) to whom, or on whose behalf, Lifetime Disability AssistancePayments and Disability Assistance Payments shall be paid.“Designated Provincial Program” means a program that is established under thelaws of a province and that supports savings in Registered Disability Savings Plans.“Disability Assistance Payment” means any payment from the Plan to theBeneficiary or to the Beneficiary’s estate. For greater certainty, a Disability AssistancePayment may be, but need not be, a Lifetime Disability Assistance Payment.“Disability Savings Plan” of a Beneficiary means an arrangement between theTrustee and one or more of the following:a. the Beneficiary,b. (i) an entity that, at the time the arrangement is entered into, is a Qualifying

Person as described under the definition of "Qualifying Person" in relation tothe Beneficiary,

(ii) if the arrangement is entered into before 2017, a Qualifying Family Memberin relation to the Beneficiary who, at the time the arrangement is enteredinto, is a Qualifying Person in relation to the Beneficiary,

(iii) a Qualifying Family Member in relation to the Beneficiary who, at the timethe arrangement is entered into, is not a Qualifying Person in relation to theBeneficiary but is a holder of another arrangement that is a registereddisability savings plan of the Beneficiary, and

c. a legal parent of the Beneficiary who is not a Qualifying Person in relation to theBeneficiary at the time the arrangement is entered into but is an account holder ofanother Registered Disability Savings Plan of the Beneficiary, under which one ormore contributions are to be made in trust to the Trustee to be invested, used, orapplied by the Trustee for the purpose of making payments to the Beneficiary andwhere the arrangement is entered into in a taxation year in respect of which theBeneficiary is eligible for the disability tax credit.

“DTC Eligible Individual” means an individual who would be eligible for the disabilitytax credit if subsection 118.3(1) of the ITA were read without reference to paragraph118.3(1)(c) of the ITA.“Government Funded Benefits” means the Canada Disability Savings Grant and/orthe Canada Disability Savings Bond.“Legislated Maximum Formula Result” means the result of the formula described inparagraph 146.4(4)l of the ITA.“Lifetime Disability Assistance Payments” means Disability Assistance Paymentsthat, after they begin to be paid, are payable at least annually until the earlier of theday on which the Beneficiary dies and the day on which the Plan is terminated. “Plan” means this arrangement established hereunder and known as the BMODisability Savings Plan.“Plan Trust”means the trust governed by the Plan."Qualifying Family Member" in relation to a Beneficiary of a disability savings plan,at any time, means an individual who, at that time isa. a legal parent of the Beneficiary; orb. a spouse or common-law partner of the Beneficiary who is not living separate and

apart from the Beneficiary by reason of a breakdown of their marriage orcommon-law partnership.

“Qualifying Person” means:If the Beneficiary has not reached the age of majority at or before the time thearrangement is entered into:1. a legal parent of the Beneficiary;2. a guardian, tutor, curator or other individual who is legally authorized to act on

behalf of the Beneficiary; or3. a public department, agency, or institution that is legally authorized to act on

behalf of the Beneficiary.

If the Beneficiary has reached the age of majority at or before the time thearrangement is entered into but is not contractually competent to enter into thearrangement, Qualifying Person will mean an entity as described in paragraphs 2 or 3of this definition.Other than for the purpose of acquiring successor or assignee rights as described insection 4, an individual who is a Qualifying Family Member in relation to theBeneficiary is a Qualifying Person if the following conditions are met: a. The Qualifying Family Member opens the Plan for the Beneficiary before January 1,

2017;b. At the time the Plan is opened, the Beneficiary is not the Beneficiary of another

RDSP;c. The Beneficiary attained the age of majority before the Plan was entered into;d. No entity that is legally authorized to act on behalf of the Beneficiary exist; ande. After reasonable inquiry, the Trustee determines that the Beneficiary is not

contractually competent to enter into this Plan with the Trustee. “Registered Disability Savings Plan” means a Disability Savings Plan that satisfiesthe conditions of section 146.4 of the ITA.“Specified Minister” means the Minister of Human Resources and Skills DevelopmentCanada.“Specified Year” means the particular calendar year in which a medical doctor licensedto practise under the laws of a province (or of the place where the Beneficiary resides)certifies in writing that the Beneficiary’s state of health is such that, in his or herprofessional opinion, the Beneficiary is not likely to survive more than five years and, ifthe Plan is a Specified Disability Savings Plan, each subsequent calendar year, or, in anyother case, each of the five calendar years following the particular calendar year. Forgreater certainty, a Specified Year does not include any calendar year prior to thecalendar year in which the certification is provided to the Trustee.2. PURPOSE OF THE PLANThe Plan will be operated exclusively for the benefit of the Beneficiary under the Plan.The Beneficiary’s designation is irrevocable and no right of the Beneficiary to receivepayments from the Plan is capable of surrender or assignment.3. REGISTRATIONThe following conditions must be satisfied in order for the Plan to be consideredregistered:a. before the Plan is entered into, the Trustee must receive written notification from

the Minister of National Revenue that provides approval of the specimen planunder which the arrangement is based;

b. at or before the time the Plan is entered into, the Trustee must be provided withthe name and the social insurance numbers of the Beneficiary and every entitywho enters into the Plan with the Trustee (in the case of an entity that is abusiness, their business number);

c. at the time the Plan is entered into, the Beneficiary must be resident in Canadaunless the Beneficiary is currently a Beneficiary under another Registered DisabilitySavings Plan; and

d. the Beneficiary must be a DTC Eligible Individual in respect of the taxation year inwhich the Plan is opened for him/her.

The Plan will not be considered registered unless the Trustee notifies the SpecifiedMinister of the Plan’s existence without delay. The notification must be in prescribedform containing prescribed information.The Plan will not be considered registered if the Beneficiary of the Plan is also theBeneficiary of another Registered Disability Savings Plan that has not been terminatedwithout delay.4. CHANGES IN ACCOUNTHOLDERAn entity may only become a successor or assignee of an Accountholder if the entity is:a. the Beneficiary;b. the Beneficiary’s estate;c. an Accountholder of the Plan at the time rights are acquired;d. a Qualifying Person in relation to the Beneficiary at the time rights under the Plan

are acquired; ore. a legal parent of the Beneficiary who was previously an Accountholder of the Plan.An entity may not exercise their rights as a successor or assignee of an Accountholderuntil the Trustee is advised that the entity has become an Accountholder of the Plan.Before an entity may exercise its rights as a successor or assignee of anAccountholder, the Trustee must be in receipt of the entity’s social insurance numberor business number, as the case may be.If an Accountholder (other than a legal parent of the Beneficiary) ceases to be aQualifying Person, he or she will also cease to be an Accountholder of the Plan. Theremust be at least one Accountholder of the Plan at all times and the Beneficiary or theBeneficiary’s estate may automatically acquire rights as successor or assignee of anAccountholder in order to comply with this requirement.A Qualifying Family Member (who is a Qualifying Person solely because of conditionsa) to e) under the Qualifying Person definition) will cease to be Holder of the Plan ifthe Beneficiary notifies the Issuer that they wish to become the Holder and either theIssuer, after reasonable enquiry determines the beneficiary to be contractuallycompetent, or a competent tribunal or other provincial authority has declared theBeneficiary to be contractually competent. A Qualifying Family Member (who is a Qualifying Person solely because of conditionsa) to e) under the Qualifying Person definition) will cease to be Holder of the Plan ifan entity described in point 2 or 3 of the Qualifying Person definition is given legalauthority to act on behalf of the Beneficiary. The entity will promptly notify the issuerof their appointment, at which time the entity will replace the Qualifying FamilyMember as Holder. If there is a dispute over a Qualifying Family Member’s status as Holder, the QualifyingFamily Member (who is a Qualifying Person solely because of conditions a) to e)under the Qualifying Person definition) must attempt to avoid a reduction in the fair

BMO D I S AB I L I T Y S AV I NG S P L AN - T R U ST AGR E EM EN T

Form No. 435 (01/14)

market value of the Plan Trust’s property. The Qualifying Family Member must applythis requirement until the dispute is settled or a new entity is named as Holder. 5. WHO MAY BECOME A BENEFICIARY OF THE PLANAn individual may only be designated as a Beneficiary of the Plan if the individual isresident in Canada when the designation is made, unless he or she was already aBeneficiary under another Registered Disability Savings Plan. The individual must alsobe a DTC Eligible Individual in respect of the taxation year in which the Plan is openedfor him/her before designation as a Beneficiary of the Plan can take place.An individual is not considered a Beneficiary of the Plan until the Accountholderdesignates the Beneficiary on the application by providing the Beneficiary’s full name,address, social insurance number, gender, and date of birth.6. CONTRIBUTIONSOnly the Accountholder may make contributions to the Plan unless the Accountholderhas given written consent to allow another entity to make contributions into the Plan.Contributions may not be made into the Plan if the Beneficiary is not a DTC EligibleIndividual in respect of the taxation year in which the contribution is made.A contribution may not be made into the Plan if:a. the Beneficiary is not resident in Canada at that time;b. the Beneficiary turns 59 years of age before the calendar year that includes that

time; orc. the total of the contribution and all other contributions made (other than as a

transfer in accordance with section 11) at or before that time to the Plan or to anyother plan of the Beneficiary would exceed $200,000.

Contributions may not be made into the Plan if the Beneficiary died before that time.A contribution does not include Government Funded Benefits, payments fromDesignated Provincial Programs, payments from programs similar to DesignatedProvincial Programs that are funded, directly or indirectly, by a province (other than anentity described in paragraph 3 of the definition of Qualifying Person) or amountstransferred in accordance with section 11.Other than for the purposes of this section and for the purposes of section 10, aSpecified RDSP Payment and an accumulated income payment from a registerededucation savings plan are not considered contributions to the Plan. These paymentsare not considered advantages in relation to the plan (they are not considered abenefit or a loan that is conditional in any way on the existence of the Plan). 7. INVESTMENTSThe property of the Plan Trust shall be invested and reinvested by the Trusteeexclusively on the instructions of the Accountholder (or of a person authorized by theAccountholder, in a form and manner satisfactory to the Trustee or the Agent, tomanage the investments of the Account). The property may be invested ininvestments which require delegation, such as mutual funds, pooled funds andsegregated funds. The property may be invested in investments which are issued bythe Trustee, the Agent or any of their affiliates.BMO Investments Inc. will be the mutual fund dealer for the Accountholder inconnection with the Plan. In its capacity as the mutual fund dealer for theAccountholder in connection with the Plan, BMO Investments Inc. will be governed bythe laws, rules and regulations applicable to mutual fund dealers. Neither the Trusteenor the Agent shall have any duty or responsibility, fiduciary or otherwise (including,for greater certainty, under any legislation regarding trustee investment duties andpowers) to make or choose any investment, to decide whether to hold or dispose ofany investment or to exercise any discretion with regard to any investment of theproperty of the Plan Trust, except as otherwise expressly provided in this TrustAgreement. Other than its duties with respect to the Plan or its property as expresslystated in this Trust Agreement, the Trustee shall not be required or expected to takeany action with regard to an investment without prior instructions from theAccountholder.Neither the Trustee nor the Agent shall be responsible for determining whether anyinvestment made on instructions is or remains a qualified investment for a registereddisability savings plan under the ITA however, the Trustee shall exercise the care,diligence and skill of a reasonably prudent person to minimize the possibility that atrust governed by the RDSP holds a non-qualified investment.8. RECORDKEEPING FOR THE ACCOUNTThe Trustee will record all contributions and transfers made to the Plan Trust, allinvestment transactions and investment earnings, gains and losses and alldistributions and transfers made from the Plan Trust. The Agent will prepare periodicstatements of account of the Plan Trust in accordance with the rules, regulations andpractices applicable to mutual fund dealers.9. PAYMENTS FROM THE PLANNo payments will be made from the Plan other than:a. the payment of Disability Assistance Payments to or for a Beneficiary of the Plan;b. the transfer of an amount to another trust that irrevocably holds property under aRegistered Disability Savings Plan of the Beneficiary, as detailed in section 11; andc. repayments of amounts under the CDSA and its Regulations or a DesignatedProvincial Program.A Disability Assistance Payment may not be made from the Plan if the fair marketvalue of the property held by the Plan Trust, immediately after the payment is made,would be less than the Assistance Holdback Amount in relation to the Plan.Lifetime Disability Assistance Payments will begin no later than the end of thecalendar year in which the Beneficiary turns 60 years of age. In such a case where thePlan is established after the Beneficiary turns 60 years of age, Lifetime DisabilityAssistance Payments will begin in the calendar year immediately following thecalendar year in which the Plan is established. If the Beneficiary reached 59 years of age before the current year, the total amount ofall payments that are made from the Plan in the year must be at least equal to theLegislated Maximum Formula Result.Lifetime Disability Assistance Payments for a calendar year are limited to the amountdetermined by the Legislated Maximum Formula Result.

10. DISABILITY ASSISTANCE PAYMENTSIf the total amount of all Government Funded Benefits paid into this and any otherRegistered Disability Savings Plan of the Beneficiary before the beginning of thecalendar year exceeds the total amount of contributions paid into this and any otherRegistered Disability Savings Plan of the Beneficiary before the beginning of thecalendar year, then the following conditions must be adhered to:a. If the calendar year is not a Specified Year for the Plan, the total amount of

Disability Assistance Payments made in the year from the Plan will not exceed theamount determined by the formula in paragraph 146.4(4)(l) of the ITA in respectof the Plan for the calendar year. When calculating the total amount, a transfer asdetailed in section 11 is to be disregarded if payments are made in lieu of thosethat should have been made under the prior plan of the Beneficiary as described inparagraph 146.4(8)(d) of the ITA. A transfer as detailed in section 11 is to bedisregarded if the transfer is made in lieu of a payment that would have beenpermitted to be made from the other plan in the calendar year if the transfer hadnot occurred.

b. If the Beneficiary has reached 27 years of age but not 59 years of age before theparticular calendar year, the Beneficiary may direct that one or more DisabilityAssistance Payments be made from the Plan in the year provided that the total ofall Disability Assistance Payments made from the plan in the year do not exceedthe amount imposed by the constraints of paragraph a. of this section. Thesepayments may not be made from the Plan if the fair market value of the propertyheld by the Plan Trust, immediately after the payment is made, would be less thanthe Assistance Holdback Amount in relation to the Plan.

c. If the Beneficiary has reached 59 years of age before the particular calendar year,the total of all Disability Assistance Payments made from the Plan in the year willnot be less than the Legislated Maximum Formula Result. If the property in thePlan Trust is insufficient to make available the required amount, a lesser amountmay be paid.

11. TRANSFERSAt the direction of the Accountholder(s) of the Plan, the Trustee may transfer (out) allproperty held by the Plan Trust directly into another Registered Disability Savings Planof the Beneficiary. The Trustee will provide the issuer of the new plan with allinformation in their possession that is necessary for the new issuer to comply with therequirements of the Applicable Legislation. The Trustee will terminate the Planimmediately following the transfer into the new Registered Disability Savings Planand the transfer will be completed without delay.In addition to any other Disability Assistance Payments that are required to be paid tothe Beneficiary in the year, if the Beneficiary is transferring an amount from anotherRegistered Disability Savings Plan and the Beneficiary attained the age of 59 yearsbefore the calendar year in which the transfer occurs, the Plan will make one or moreDisability Assistance Payments to the Beneficiary whose total will be equal to theamount by which:a. the total amount of Disability Assistance Payments that would have been made

from the prior plan in the year if the transfer had not occurred exceeds;b. the total amount of Disability Assistance Payments made from the prior plan in the

year.Transfers of cash and other property acceptable to the Trustee may be made to thePlan by the Planholder. Acceptable transfers include, transfers from other RDSPs,transfers of amounts received as a beneficiary of an RESP, RSP, an RPP or a RIF. Theassets of the Plan (in the aggregate, the “Fund”) shall consist of such contributionsand transfers, together with any income or gains earned or realized, and shall be held,invested and applied in accordance with this Trust Agreement.12. TERMINATION OF THE PLANAfter taking into consideration the Assistance Holdback Amount and any repayments ofamounts under the CDSA and its Regulations or a Designated Provincial Program, anyremaining amount in the Plan will be paid to the Beneficiary or to his or her estate. Thisamount will be paid by the end of the calendar year following the earlier of:a. the calendar year in which the Beneficiary dies; andb. the first calendar year throughout which the Beneficiary has no severe and

prolonged impairment as described in paragraph 118.3(1)(a.1) of the ITA. If thePlan remains open because of a DTC election, the first calendar year in which theDTC election ceases to be valid, and in any other case.

The Plan must be terminated by the end of the calendar year following the earlier of:(i) the calendar year in which the Beneficiary dies; and(ii)the first calendar year throughout which the Beneficiary has no severe and

prolonged impairment as described in paragraph 118.3(1)(a.1) of the ITA. If thePlan remains open because of a DTC election, the first calendar year in which theDTC election ceases to be valid, and in any other case.

13. NON-COMPLIANCE OF THE PLANIf either the Trustee, the Accountholder, or the Beneficiary of the Plan fails to complywith the requirements in respect of Registered Disability Savings Plans as set out inthe Applicable Legislation or if the Plan is not administered in accordance with itsterms, the Plan will be considered non-compliant and will cease to be a RegisteredDisability Savings Plan at that time.At the time the Plan ceases to be registered, a Disability Assistance Payment will bedeemed to have been made from the Plan to the Beneficiary or, if the Beneficiary isdeceased, to their estate, that is equal to the amount by which the fair market valueof the property held by the Plan Trust exceeds the Assistance Holdback Amount. If the Plan ceases to be registered because a Disability Assistance Payment is madethat results in the fair market value of the property in the plan being less than theAssistance Holdback Amount, an additional Disability Assistance Payment will also bedeemed to be made from the Plan to the Beneficiary at that time which is equal to:(i) the amount by which the lesser of the Assistance Holdback Amount in relation to

the Plan and the fair market value of the property held by the Plan Trust at thetime of payment exceeds;

BMO D I S AB I L I T Y S AV I NG S P L AN - T R U ST AGR E EM EN T CON T I NU ED

Form No. 435 (01/14)

(ii)the fair market value of the property held by the Plan Trust immediately after thepayment.

The non-taxable portion of this payment will be deemed to be nil.If the requirements of the Applicable Legislation are not met, the Plan will cease to bea Registered Disability Savings Plan unless the Minister of National Revenue waivessuch requirements.14. OBLIGATIONS OF THE TRUSTEEThe Trustee will forward notification of any change in Accountholder under the Plan tothe Specified Minister in prescribed form containing prescribed information on orbefore the day that is 60 days after the later of:(i) the day on which the Trustee is advised of the change in Accountholder; and(ii)the day on which the Trustee is provided with the social insurance number or

business number of the new Accountholder.The Minister of National Revenue must approve amendments to the specimen planunder which this Plan is based before the Trustee can amend the Plan terms andconditions. If the Trustee discovers that the Plan is or will likely become noncompliant,the Trustee will notify both the Minister of National Revenue and the SpecifiedMinister of this fact within 30 days after the Trustee becomes aware of possible orfactual non-compliance.If the Trustee enters into the Plan with a qualifying family member who is aQualifying Person solely because of a-e under the definition of Qualifying Person,above, the Trustee will be required to:a. so notify the beneficiary under the Plan without delay in writing and include in the

notification information setting out the circumstances in which the Accountholderof the Plan may be replaced under section 146.4(1.5) or 146.4(1.6) of the IncomeTax Act (Canada) (ITA).

b. collect and use any information provided by the holder that is relevant to theadministration and operation of the Plan.

If the Trustee fails to comply with these obligations, the Trustee is liable to penaltiesas set out in subsection 162(7) of the ITA.The Trustee will exercise the care, diligence and skill of a reasonably prudent person tominimize the possibility that an Accountholder of the Plan may become liable to paytax under Part XI of the ITA in connection with the Plan.15. THIRD PARTY ORDERS OR DEMANDS – AND INDEMNITYThe Trustee and/or the Agent shall be entitled to be indemnified by theAccountholder in respect of any costs, expenses, charges or liabilities whatsoever thatmay arise out of the Trustee’s and/or the Agent’s good faith compliance with any law,regulation, judgment, seizure, execution, notice or similar order or demand whichlawfully imposes on the Trustee and/or the Agent a duty to take or refrain fromtaking any action concerning the Plan or part or all of the property of the Plan Trust, orto issue payment from the Plan Trust, with or without instructions from theAccountholder or in contradiction of instructions of the Accountholder. The Trusteeand/or the Agent may permit any duly authorized person to have access to and theright to examine and make copies of any records, documents, paper and booksinvolving any transaction of the Plan or Plan Trust or related to them and shallsimilarly be entitled to indemnity out of the property of the Plan Trust for so doing. Inthe event the property of the Plan Trust shall be insufficient to indemnify the Trusteeand/or the Agent fully in any such regard, by establishing the Account theAccountholder agrees to indemnify and hold the Trustee and/or the Agent harmlessfor any such costs, expenses, charges or liabilities.16. OWNERSHIP AND VOTING RIGHTSThe Trustee may hold any property or investment of the Plan Trust in its own name, inthe name of its nominee, in bearer form or in such other name as the Trustee maydetermine. The voting or other ownership rights attached to any investments held inthe Plan Trust may be exercised by the Accountholder and the Accountholder isappointed as the Trustee's agent and attorney for this purpose, to execute and deliverproxies and/or other instruments, in accordance with applicable laws.17. FEES, EXPENSES, TAXES, INTEREST AND PENALTIESThe Trustee and/or the Agent may charge administration and transaction fees, in suchamounts and at such times as may be fixed by the Trustee and/or the Agent fromtime to time, provided that the Trustee and/or the Agent will give reasonable priorwritten notice to the Accountholder of a change in the amount of such fees. Such feesmay be paid for out of, or recovered from, the property of the Plan Trust, to the extentthat they are not paid when due by the Accountholder.The Accountholder acknowledges that BMO Investments Inc. may charge fees,commissions and expenses to the property of the Plan Trust in its capacity as themutual fund dealer for the Accountholder.The Trustee and/or the Agent may charge expenses incurred by the Trustee and/orthe Agent in the administration of the Plan and the Plan Trust. Such expenses may bepaid out of, or recovered from, the property of the Plan Trust, to the extent that theyare not paid on a timely basis by the Accountholder.All taxes, penalties, and interest applicable to the Plan, the Trustee, or the Plan Trust(but not, for greater certainty, applicable to the Accountholder) shall be charged to theAccountholder. Such taxes, interest and penalties will be paid by the Accountholder.Provided however that the Trustee and/or the Agent may not charge or recover feesor expenses to the extent that it would result in the fair market value of the propertyof the Plan Trust being less than the Assistance Holdback Amount.Subject to the paragraph above, the Trustee may, without instructions from theAccountholder, apply any cash held in the Plan Trust for the payment of fees orexpenses charged to the Plan or the Plan Trust. Where there is insufficient cash in thePlan Trust at any time, the Trustee or the Agent shall make reasonable requests forinstructions from the Accountholder regarding which investments of the Plan Trust toliquidate in order to realize sufficient cash to make the payment. If, after makingreasonable requests from the Accountholder at the last address provided by theAccountholder, the Trustee or the Agent do not receive instructions satisfactory to itfrom the Accountholder within a reasonable time, the Trustee may, in its discretion,liquidate part or all of the property of the Plan Trust in order to realize sufficient cash to

make the payment. Any such liquidation shall be made at such prices as the Trusteemay in its discretion determine to be the fair market value of the property at the time.18. INSTRUCTIONSThe Trustee and the Agent shall be entitled to rely upon instructions received from theAccountholder or from any person designated in writing, in accordance withapplicable laws, by the Accountholder to give instructions on behalf of theAccountholder or from any person purporting to be the Accountholder or suchdesignated person, as if they were from the Accountholder. The Trustee or the Agentmay, without incurring any liability to the Accountholder, the Beneficiary or any otherperson, decline to act upon any instruction if the instruction is not given in a timelymanner, is not in writing where the Trustee or Agent require it, is not in a form orformat which the Trustee or Agent require, or in the opinion of the Trustee or Agent isnot complete or does not otherwise comply with the Trustee’s or Agent’s otherrequirements at such time; or if any of them has any doubt that the instruction hasbeen properly authorized or accurately transmitted.19. LIMITATION OF LIABILITY AND INDEMNITYNeither the Trustee nor the Agent shall be liable to the Accountholder or theBeneficiary (or to the spouse or common-law partner of the Accountholder orBeneficiary, or any beneficiary or legal personal representative of the Accountholderor Beneficiary) for any loss to or diminution of the property of the Plan Trust or for anyother losses, expenses, taxes, interest and penalties, damages, claims or demandsresulting from any of their acts or omissions, or for acting in accordance withinstructions or failing to act in the absence of instructions, except to the extent that itis caused by their negligence, wilful misconduct or lack of good faith.The Trustee and the Agent shall be entitled to be indemnified out of the property ofthe Plan Trust for all costs, expenses, charges or liabilities of whatever nature or kindwhich may in any way arise out of or be connected with this Trust Agreement or thePlan or Plan Trust except to the extent that such costs, expenses, taxes, interest orpenalties, charges or liabilities are directly caused by gross negligence, wilfulmisconduct, lack of good faith or breach of Applicable Legislation on the part of theTrustee or the Agent. In the event the property of the Plan Trust shall be insufficient toindemnify the Trustee and the Agent fully in any such regard, by establishing the Planthe Accountholder agrees to indemnify and hold the Trustee and the Agent harmlessfor any such costs, expenses, charges or liabilities.If, after reasonable inquiry, the Trustee of a disability savings plan is of the opinionthat an individual's contractual competence to enter into a disability savings plan is indoubt, no action lies against the Trustee and/or the Agent for entering into a plan,under which the individual is the Beneficiary, with a Qualifying Family Member who isa Qualifying Person solely because of paragraph (c) of the definition of "QualifyingPerson", above.If a dispute arises as a result of the Trustee's acceptance of a Qualifying FamilyMember who is a Qualified Person solely because of paragraph (c) of the definition of"Qualified Person", above, as an Accountholder of the Plan, from the time the disputearises until the time that the dispute is resolved or an entity becomes the holder ofthe Plan under subsection 146.4(1.5) or 146.4(1.6) of the ITA, the Accountholder ofthe Plan shall use their best efforts to avoid any reduction in the fair market value ofthe property held by the plan trust, having regard to the reasonable needs of theBeneficiary under the Plan.20. AMENDMENTSubject to section 15, the Trustee may from time to time in its discretion amend thisTrust Agreement or the attached application which comprise the Plan by giving 30days prior notice to the Accountholder; provided however that any amendment shallnot disqualify the Account as a Registered Disability Saving Plan acceptable forregistration under the ITA or any applicable provincial legislation; and provided furtherthat any amendment to ensure the Plan continues to comply with the ITA may takeeffect on a date prior to the date notice is given.21. REPLACEMENT OF TRUSTEEThe Trustee may resign upon 60 days' prior written notice given to the Agent (or suchshorter notice as the Agent may accept). The Agent may terminate the Trustee astrustee upon 60 days prior written notice given to the Trustee (or such shorter noticeas the Trustee may accept). Upon the resignation or termination of the Trustee, theTrustee shall be released and discharged from all duties and liabilities under this TrustAgreement. Where the Trustee resigns or is terminated, the Agent shall appoint asuccessor trustee who is permitted to be the issuer of a Registered Disability SavingsPlan under the ITA. The Agent shall give the Accountholder written notice of thesuccessor trustee within 30 days of the appointment.22. NOTICEYou may give us instructions verbally, electronically, by personal delivery, by facsimileor by mail, postage pre-paid, addressed to us or the Agent or any other address thatwe designate, and shall be deemed to have been received, if mailed, on the thirdbusiness day after mailing or, if sent electronically or by facsimile transmission, on theday sent. We may give you any notice, statement or receipt by personal delivery ormail, postage prepaid, at the address you gave on your Application. If you notified usor the Agent about your new address, any notice, statement or receipt from us or theAgent will be considered to have been given to you at the time of personal delivery,or if mailed, on the third business day after mailing.23. BINDINGThe terms of this Trust Agreement shall be binding upon the survivor, beneficiaries,heirs, executors and administrators of the Accountholder and upon the respectivesuccessors and assigns of the Trustee and the Agent. This Agreement may beassigned by the Trustee at any time to a person who is permitted to be the issuer of aRegistered Disability Savings Plan under the ITA; however the Accountholder may notassign this Trust Agreement.24. GOVERNING LAWThis Trust Agreement shall be governed by and interpreted in accordance with thelaws of the jurisdiction in Canada in which the branch of the Agent (or an affiliate) islocated where the Account is maintained.

BMO D I S AB I L I T Y S AV I NG S P L AN - T R U ST AGR E EM EN T CON T I NU ED

I M PORTAN T I N FORMAT I ON A BOU T BMO I N V E S TM EN T S I N C . A ND OUR R E L AT I ON SH I P W I T H YOUBMO Investments Inc. (“BMOII” or “we”) provides services and advice relatingto the investment accounts and retail investment products we offer. Ournetwork of Financial Services Managers, Financial Planners, Investment &Retirement Planning and Investment Specialists at the BMO Investment Centreis your primary point of contact. We refer to them here as your “investmentprofessional”.Here, we provide you with certain core information about the nature of yourrelationship with us and with your investment professional. Other importantinformation you need to know about your relationship with us is contained inother documents that are provided to you as a client, such as tradeconfirmations, account statements, investment and/or retirement plans andassessments, offering and continuous disclosure documents and updates aboutchanges to information that will be provided to you from time to time.

The Products and Serv ices we can offer youBMOII is a member of the Mutual Fund Dealers Association of Canada and isregistered under provincial and territorial securities laws to sell mutual funds.We also offer other types of investment products such as term investments(like certain guaranteed investment certificates) and certain principalprotected notes offered by our affiliates, including Bank of Montreal. Throughour Financial Planners, we also offer investment and retirement planningservices to clients who request these services and to clients who we identifyas potentially benefitting from such services. It is important to keep in mind that we do not offer legal, accounting or taxadvice to you, and you should consult professionals in those areas if you havequestions about the impact of your investments on your legal, accounting ortax situation.It is also important to be aware that, although we offer investment advice andrecommendations, we will not make investment decisions on your behalf. Youor anyone you give authority to act on your behalf is responsible for makinginvestment decisions for your account.

Investment Sui tabi l i tyEach recommendation we make to you and each order we accept from you foryour account is based on your essential facts as provided by you. Suchrecommendations must be suitable for you, in light of your investmentobjectives, risk tolerance, time horizon and other personal circumstances youidentify as recorded in your account.We will conduct a suitability assessment of your account whenever:

• you place an order to buy and/or sell a mutual fund (unless such saleconstitutes a full redemption of your account);

• you transfer assets to your account (both newly opened and existingaccounts); or

• you record for your account any changes to your stated risk tolerance,time horizon or investment objectives or other matters that have asignificant impact on your stated net worth or income.

We will not monitor your account to ensure the ongoing suitability of yourinvestments. Therefore, if you have any questions or concerns about thesuitability of the investments in your account, or believe the investments inyour account no longer reflect your stated investment objectives, risktolerance, time horizon or other circumstances, or if you wish to change anyinformation about your account that you previously provided to us, you mustnotify us immediately. We will remind you of this obligation on an annualbasis, in writing.Our suitability assessment will take into consideration all of the investmentsheld in your account and consequently you may hold some investments thathave a risk rating that is higher or lower than the risk tolerance that you haveprovided to us for the investments in your account.

Informat ion you provide usProvincial securities laws require that we collect from you and record certainkey information about you and each order or account we accept. Some of the terms used in the Your Investment Objectives section of ouraccount applications are defined as follows:

Your Pr imary Ob ject ivesSecur i ty of Capi ta lClients whose primary objective is Security of Capital seek relativestability and preservation of capital. They often hold a high concentrationof low risk fixed income or money market investments. These clientsoften desire minimal volatility and will typically accept lower returns as atrade-off for lower risk. In some, but not all instances they may only beinvesting their money for the short-term. The target account allocation fora client with a primary security objective is at least 90% or higher in lowrisk security or income funds.

IncomeClients whose primary objective is Income typically desire a steady andconsistent income distribution from their investments, which may betaken in cash or reinvested. The distribution may include part income andpart return of capital. These investors typically accept some volatility inexchange for a modest return, and have a medium or long time horizon.

BalancedClients whose primary objective is Balanced typically desire an accountthat maintains a mix of both fixed-income and equity holdings to helpavoid excessive fluctuation while providing the potential for moderatecapital appreciation. These investors typically have medium to long termtime horizons and are able to tolerate some fluctuations in theirinvestment returns.

GrowthClients whose primary objective is Growth typically desire an account with agreater concentration of equity holdings that may fluctuate in value but willprovide the opportunity for higher long-term gains. Typically these investorsare investing for the long term and are prepared to accept a higher level ofrisk in order to maximize their return potential over the long run.

Your R isk ToleranceRisk Tolerance is a gauge of a client’s willingness and ability to withstand bothfluctuations in the value of their investments and volatility in their investmentreturns. Risk varies from one mutual fund to another. A client may be willingto assume some risk proportionate to their desire to obtain higher returns.Generally, a client’s risk tolerance will fall into one of the following categories:

Your T ime Hor izonYour time horizon indicates the length of time that you are prepared or wish tohold your investment. It also relates to how far in the future your financialgoals for your account are. If you are investing for a short-term goal, your timehorizon will be much shorter than if the purpose of your account is toaccumulate wealth for your retirement that is several years away. It is yourobligation to ensure that you keep your records with us up-to-date and thatyou promptly notify us if your personal circumstances change or if your statedinvestment objectives, risk tolerance or time horizon change for your account.

Payments for your investment purchasesWe do not accept cash for business you conduct with us. Payments for yourinvestments may be by cheque made payable to BMO Investments Inc.Cheques should not be made payable directly to your investment professionalor to Bank of Montreal.As an alternative to paying by cheque, if you have a bank account with Bankof Montreal you may authorize us to debit your bank account in the amount ofthe purchase price of your investments.

Payment of Interest on C l ient Cash held in TrustAny cash we hold for you, either as payment for, or as proceeds of redemptionof, an investment product, will be deposited in trust until disbursed. Clientcash held in trust will earn variable interest at a rate of Bank of Montreal’sPrime Rate minus 3%. All interest earned on client cash held in trust will bedistributed on a pro rata basis to the mutual fund companies of each of themutual funds to which the trust account pertains for reinvestment.

Trade Conf i rmat ions and Account StatementsWe will provide you with written confirmation of the mutual fund transactionsthat take place in your account shortly after the transactions occur. Thisconfirmation will include details regarding the mutual funds involved in eachtransaction. We will issue you a trade confirmation for the first mutual fundtransaction made under a systematic withdrawal plan and for the firstpurchase made under a continuous savings plan.At least quarterly, you will receive an account statement for each account you

Form No. 435 (01/14)

T E RMS AND COND I T I ON S

Risk Category Description

Low If you are a client with a low risk tolerance, thenyou are risk adverse; willing to accept only aminimal amount of volatility in your account andwilling to accept lower investment returns in orderto preserve your investment capital.

Low to Medium If you are a client with a low to medium risktolerance, then you are willing to accept slightlymore volatility, as compared to a client with a lowrisk tolerance, in return for the prospect of someincreased growth.

Medium If you are a client with a medium risk tolerance,then you are willing to accept some volatility inyour account which may result in periodic declinesin your investments as a trade off for potentiallyhigher long-term growth.

Medium to High If you are a client with a medium to high risktolerance, then you are willing to accept fluctuationsin your investment returns and declines in yourinvestments in exchange for the potential of evengreater growth in your investments as compared toa client with a medium risk.

High If you are a client with a high risk tolerance, thenyour emphasis is on maximizing your growthpotential and as such you are willing to accept largeperiodic declines in your investments in exchangefor maximizing your potential returns.

Form No. 435 (01/14)

hold with us that will include certain information about each transaction madefor your account during the period covered by the account statement, includingthe quantity and description of each investment purchased, sold or transferredand the dates of each transaction. Your account statement may also includeyour business with certain of our affiliates.It is your obligation to thoroughly review your trade confirmations and accountstatements upon receipt and to advise us of any questions or concernsimmediately.If you have elected to receive eStatements or eConfirmations, theconfirmations and account statements will be posted automatically to your BMO Online Banking profile. You will be able to retrieve the availablestatements and confirmations through the “eStatements” link.eConfirmations will be posted within 3 days of the value date of the trade andeStatements will be available within 11 days from the end of each fiscalquarter. Both will remain available for viewing for a period of 7 years. You may opt to receive notifications that new trade confirmations or accountstatements have been posted by clicking on the “My Alerts” link on BMOOnline Banking, or by clicking on the Alerts icon in the BMO mobile bankingapplication. If you opt to choose to receive notifications, it is your responsibilityto keep your profile up-to-date and to inform BMO of any changes to yourpreferred method of delivery (i.e. change in email address or mobile phonenumber). Failure of a notification to be delivered will not revoke your consentto receive eConfirmations and eStatements.eConfirmations and eStatements will be in PDF format only. It is yourresponsibility to download, and obtain a licence for, Adobe Acrobat software inorder to view, print and save your eStatements and eConfirmations. You can elect to receive eStatements and eConfirmations at any time, or revertto receiving paper statements, by changing your settings in BMO OnlineBanking. In addition, you may receive, at no cost, a paper copy of a tradeconfirmation or account statement delivered electronically by visiting a BMObranch or calling BMO Investment Centre at 1-800-665-7700.

Compensat ion we receiveBMOII may receive a commission from the issuer of the investment productyou purchase from us at the time of the sale, and may earn an ongoingcommission for as long as you hold the investment. Your investment professional earns an annual salary, and may receive a short-term incentive pay award and/or other rewards and recognitions of nominalvalue in the normal course of their employment relationship with Bank ofMontreal. A portion of your investment professional’s remuneration may alsobe based on a percentage of the revenue they generate for their branch. Youdo not pay your branch or your investment professional directly for any of theproducts and services we offer you.There may be other fees or costs charged by the manufacturer of an investmentproduct we offer you. You should read the prospectus/Fund Facts of the mutualfunds you purchase through us for information about the management fees,expenses and other costs associated with your investment, and the offeringdocuments of any other investment product you purchase through us forinformation about the fees and costs associated with investing in those products.Conf l i c t of Interest MattersConflicts of interest may occasionally arise in the ordinary course of ourbusiness. In the event that a conflict or potential conflict of interest arises, weand our investment professionals will ensure that it is addressed usingresponsible business judgment influenced only by the best interests of ourclients. Where conflicts cannot be avoided, we have chosen to manage them.We have policies and procedures in place to manage the conflicts of interestthat we believe are sufficient to protect the interests of our clients and fulfillour obligations to our clients. The following are some of the normal conflicts ofinterest that exist or may arise between us and our clients.

Outs ide Act iv i t iesOur investment professionals are employees of Bank of Montreal and, on behalfof Bank of Montreal, may offer products such as, or services relating to, deposits,mortgages, loans and certain insurance. Such products and services are theresponsibility and business of Bank of Montreal and are not related to BMOII.Our investment professionals may in certain circumstances engage in otheractivities, including employment activities, outside of BMOII and Bank ofMontreal. These activities are neither the business nor the responsibility of BMOII.

Related ProductsWe offer mutual funds that we manage, including some that are advised byone or more of our affiliates, and we also offer products that are issued ormanaged by our affiliates. For example, we offer the BMO LifeStage RetirementIncome Portfolios which are issued by Bank of Montreal.

Registered F i rms that are re lated to usIn addition to being the principal shareholder (meaning a person or companythat is the direct or indirect registered or beneficial owner of more than 10percent of any class or series of voting securities of another person orcompany) of BMOII, Bank of Montreal is the principal shareholder of thefollowing other firms registered under Canadian securities laws (collectively,our “Affiliate Registrants”): BMO Asset Management Inc., BMO InvestorLineInc., BMO Nesbitt Burns Inc., BMO Harris Investment Management Inc., BMOHarris Financial Advisors, Inc., BMO Asset Management Corp., Monegy, Inc. andPyrford International Limited. Certain directors and officers of BMOII are also ormay become directors and officers of Bank of Montreal and/or one or more of

our Affiliate Registrants. We may obtain from or provide to Bank of Montrealand/or one or more of our Affiliate Registrants management, administrative,referral and/or other services in connection with our respective ongoingbusiness activities or transactions completed by us or these other companies.These relationships are subject to certain legislative and industry regulatoryrequirements that impose restrictions on dealings between related registrantsintended to minimize the potential for conflicts of interest resulting from theserelationships. We have also adopted internal policies and procedures thatsupplement these requirements, including policies on confidentiality.

Referra l ArrangementsBMOII may enter into referral arrangements with certain of our affiliates,including Bank of Montreal, BMO Nesbitt Burns Inc., BMO InvestorLine Inc. andBMO Harris Investment Management Inc., pursuant to which BMOII and/or ourinvestment professionals may receive compensation in the form of referralfees for business that results from a referral. This compensation may be basedon either a fixed amount or a percentage of the value of the product or servicereferred. All activity requiring registration under securities laws andregulations will be performed by an entity that is appropriately registered toperform such activities.

Contact Informat ion You may contact us in writing at: BMO Investments Inc.1 First Canadian Place100 King Street West, 43rd FloorToronto, Ontario M5X 2A1By phone to the BMO Investment Centre at 1-800-665-7700. Or by email at [email protected] also encourage you to visit your local BMO Bank of Montreal branch to speak with one of our investment professionals. Visit us online atbmo.com/investments to locate a branch near you.

BMO T E RM I N V E S TM EN T S AND S AV I NG S A CCOUN TThe following sets out the terms and conditions of the investments referred toon the application form (the “Application”). “Plan” means the RegisteredDisability Savings Plan (RDSP) under which the investments are held, whichPlan is governed by the BMO Disability Savings Plan Trust Agreement enteredinto between BMO Trust Company and the accountholder of the Plan (the“Accountholder”). “BMMC” refers to Bank of Montreal Mortgage Corporationand “Bank” refers to Bank of Montreal.Amendments. The issuers of the investments may from time to time in theirdiscretion amend these Terms and Conditions. The Accountholder agrees toamendments made when notice is given by the issuer.Payments. A payment request regarding any investment is subject toprocessing time for the payment. All investments are payable in CanadianDollars. As used herein with respect to the investment, “Proceeds“ means theprincipal amount of the investment together with all interest accrued inrespect of the investment.Maturity Instructions. The Accountholder may only change maturityinstructions by providing notice to the Bank in writing no more than 21 daysbefore the maturity date of the investment.Statements. An account statement will be forwarded quarterly.RDSP SAVINGS ACCOUNTA RDSP Savings Account is offered by the Bank. The initial minimum amountwhich may be deposited in a RDSP Savings Account is $50 and thereafter theminimum deposit is $25.1. Interest. Interest is calculated on the daily closing balance and paid at theend of each month. Interest will be calculated on the entire balance at theinterest rate for the applicable balance tier. The interest rates are subject tochange.2. Redeemability. A RDSP Savings Account is payable in whole or in part uponrequest.BMO GUARANTEED INVESTMENT CERTIF ICATE (GIC)A BMO Guaranteed Investment Certificate (GIC) is issued by BMMC andguaranteed by the Bank. A BMO Guaranteed Investment Certificate (GIC)requires a minimum initial investment of $1,000. 1. Payment at Maturity. BMMC promises to pay the account of theAccountholder, on the maturity date of the investment (the “Maturity Date”),the principal amount of the investment. Interest is payable on the principalfrom the issue date of the investment (the “Issue Date”) to the Maturity Date,at the annual interest rate indicated on the Application. Interest is calculatedon the daily closing principal, and will be compounded annually and paid atthe Maturity Date or paid annually into a RDSP Savings Account in accordancewith the interest payment method indicated on the Application.2. Guarantee. Upon issue, the investment is a valid obligation of BMMC andthe principal amount and interest payable are unconditionally guaranteed bythe Bank. If the term of a BMO Guaranteed Investment Certificate (GIC) islonger than 60 months, the investment is not an insured deposit as defined bythe Canada Deposit Insurance Corporation Act.

T E RMS AND COND I T I ON S CON T I NU ED

Form No. 435 (01/14)

3. Redeemability. A BMO Guaranteed Investment Certificate (GIC) is notredeemable prior to the Maturity Date.4. Reinvestment. At the Maturity Date the Proceeds of a BMO GuaranteedInvestment Certificate (GIC) will be reinvested in a new BMO GuaranteedInvestment Certificate (GIC) having the same term and interest paymentmethod as the matured investment, at the then current annual interest rate. BMO RATERISER GICsA BMO RateRiser GIC, which may be a BMO Cashable RateRiser GIC, a BMORateRiser Plus GIC or a BMO RateRiser Max GIC, is issued by BMMC andguaranteed by the Bank. A BMO RateRiser GIC requires a minimum initialinvestment of $1,000.1. Payment at Maturity. BMMC promises to pay the account of theAccountholder, on the maturity date of the investment (the “Maturity Date“),the principal amount of the investment. Interest is payable on the principalfrom the issue date of the investment (the “Issue Date“) to the Maturity Date,at the annual interest rate indicated on the Application. Interest is calculatedon the daily closing principal, and will be compounded annually and paid atthe Maturity Date or paid annually into a RDSP Savings Account in accordancewith the interest payment method indicated on the Application.2. Guarantee. Upon issue, each investment is a valid obligation of BMMC andthe principal amount and interest payable are unconditionally guaranteed bythe Bank. 3. Redeemability. (i) A Cashable RateRiser is redeemable in full prior to maturity only on the

fifteenth (15th) day of each month throughout the first year ofinvestment and on the first and second anniversary of the Issue Date.

(ii) A RateRiser Plus is redeemable in full prior to maturity only on eachanniversary of the Issue Date.

(iii) A RateRiser Max is not redeemable prior to maturity.A BMO RateRiser GIC is only redeemable to the extent permitted in thisparagraph 3. The date of redemption will be deemed to be the Maturity Dateof the investment. Interest will be paid up to but not including the date ofredemption. 4. Reinvestment. At the Maturity Date the Proceeds of the investment will bereinvested in the same type of BMO RateRiser GIC, having the same term andinterest payment method as the matured BMO RateRiser GIC, at the thencurrent annual interest rates.5. Interest. Interest is paid as indicated on the Application. The 1st year ofinvestment is the Issue Date to the first anniversary of the Issue Date. The 2ndyear of investment is the first anniversary to the second anniversary of theIssue Date. Subsequent years of investment are measured by anniversaries inlike manner. For example, the 4th year of investment is the 3rd anniversary tothe fourth anniversary of the Issue Date.BMO REDEEMABLE SHORT TERM INVESTMENT CERTIF ICATE A BMO Redeemable Short Term Investment Certificate is issued by BMMC andguaranteed by the Bank. A BMO Redeemable Short Term InvestmentCertificate requires a minimum initial investment of $1,000.1. Payment at Maturity. BMMC promises to pay the account of theAccountholder the principal amount of the investment on the maturity date ofthe investment (the “Maturity Date“) or upon the request of theAccountholder prior to the Maturity Date. BMMC also promises to pay intereston the principal amount at the annual interest rate indicated on theApplication provided the investment is not redeemed within the first 30 daysfrom the issue date (“Issue Date”). If the investment is redeemed after 30days from the Issue Date but prior to the Maturity Date, BMMC promises to payinterest, on the date of redemption, calculated from the Issue Date to the dayimmediately prior to the date of redemption. Where the investment is notredeemed prior to the Maturity Date, BMMC promises to pay interest, on theMaturity Date, calculated from the Issue Date to the Maturity Date. 2. Guarantee. Upon issue, each investment is a valid obligation of BMMC andthe principal amount and interest payable are unconditionally guaranteed bythe Bank. 3. Redeemability. A BMO Redeemable Short Term Investment Certificate isredeemable prior to Maturity Date.4. Reinvestment. At the Maturity Date the Proceeds of a BMO RedeemableShort Term Investment Certificate will be reinvested in a new BMORedeemable Short Term Investment Certificate, having the same term as thematured investment, at the then current annual interest rate.BMO SHORT TERM INVESTMENT CERTIF ICATEA BMO Short Term Investment Certificate is issued by BMMC and guaranteedby the Bank. A BMO Short Term Investment Certificate requires a minimuminitial investment of $1,000.1. Payment at Maturity. BMMC promises to pay the account of theAccountholder on the maturity date of the investment (the “Maturity Date“)the principal amount of the investment. At the Maturity Date, BMMC alsopromises to pay interest upon the principal amount at the annual interest ratefrom the issue date (“Issue Date”) to the Maturity Date.

2. Guarantee. Upon issue, each investment is a valid obligation of BMMC andthe principal amount and interest payable are unconditionally guaranteed bythe Bank. 3. Redeemability. A BMO Short Term Investment Certificate is not redeemableprior to the Maturity Date.4. Reinvestment. At the Maturity Date the proceeds of a BMO Short TermInvestment Certificate will be reinvested in a new BMO Short Term InvestmentCertificate, having the same term as the matured investment, at the thencurrent annual interest rate.

LOAN I N FORMAT I ONUsing borrowed money to finance the purchase of securities involves greater riskthan a purchase using cash resources only. If you borrow money to purchasesecurities, your responsibility to repay the loan and pay interest as required byits terms remains the same even if the value of the securities purchaseddeclines.

BMO MATCHMAK ER ® S T RAT EG I CI N V E S TM EN T S E R V I C EBMO MatchMaker allows you to match your investment goals and risktolerance to a portfolio that is best suited to your investor profile. As a BMOMatchMaker client, you acknowledge and agree that your contributions will beautomatically allocated among the investments that comprise the portfolioyou select at the time of your original investment. If you are invested in astrategic portfolio other than the Savings Portfolio, it will generally bereviewed during the last month of each calendar quarter (i.e. March, June,September and December). If the percentage weighting of any single mutualfund held in your portfolio varies by more than its set target range, all of themutual funds in your portfolio will be automatically rebalanced to restore theweightings to their current targets.In addition to this automatic rebalancing of the funds in your BMO MatchMakerportfolio, the securities regulators have given BMO Investments Inc. permissionto give BMO Asset Management Inc. the authority to make periodic strategicchanges to all the BMO MatchMaker portfolios in its discretion. Theseadjustments are currently expected to occur every two or three years and mayinclude changes to the investments included in your BMO MatchMakerportfolio or an adjustment of their percentage weightings, if necessary. Theseadjustments will only be made in keeping with each portfolio’s statedinvestment objectives and risk profiles and the permitted ranges shownbelow, which cannot be changed without your consent. There will be nocharge to you in connection with these strategic adjustments.The permitted ranges for each asset class within the Portfolios are as follows:

While BMO Asset Management Inc. (an affiliate of BMO Investments Inc., thedistributor of the BMO MatchMaker portfolios) will make limited discretionaryinvestment decisions for the portfolios, it is not responsible for determining orconfirming whether a BMO MatchMaker portfolio is suitable for you. BMOInvestments Inc. continues to have ultimate responsibility for any changes thatBMO Asset Management Inc. makes to the portfolios. You will have no directrelationship with BMO Asset Management Inc. and they will not provide youwith direct access to investment management services. Any transactions madeto implement these changes will be processed by BMO Investments Inc. andreflected in our records and in your account on the next day. You will receiveconfirmations and account statements reflecting these activities

PR I VAC Y D I S C LO S UR E & CON S EN TWhat is Personal Informat ion?Personal information is information that identifies you as an individual. Itincludes not only your name and address, age and gender, but also yourpersonal financial records, identification numbers including your socialinsurance number (SIN), personal references and employment records.

Why Do We Ask You For Your Personal Informat ion?There are some purposes for using your personal information which are self-evident to you. Self-evident purposes should be clear, but if you have anyquestions, just ask us. In addition to those purposes which are self-evident, we ask you for your personal information for the following purposes:• to verify your identity and protect against fraud,• to understand your financial service requirements,• to determine the suitability of products and services for you,• to determine your eligibility for certain of our products and services and offerthem to you,

Portfolio Cash Fixed Income Equity

Security 0-10% 65%-90% 10%-35%

Balanced 0-10% 35%-65% 35%-65%

Growth 0-10% 15%-35% 65%-85%

Aggressive Growth 0-15% 0-25% 75%-100%


Form No. 435 (01/14)


• to set up and manage products and services you have requested, and• to comply with laws and securities regulations.

Shar ing Your Personal Informat ion:Your personal information is shared, to the extent permitted by law, within theBMO Financial Group (that is, the Bank and its subsidiaries and affiliates) whichprovide deposit, loan, investment, securities, brokerage, insurance, trust andother products and services. With this more comprehensive understanding, weare better able to meet your needs as they grow and change.

Your Choices :If you would prefer not to receive our direct marketing service and/or not haveyour personal information shared, you can have your name deleted from ourdirect marketing and/or shared information lists. All you have to do is ask us.Please note that you cannot opt out of sharing your personal information whereyou have requested a product or service which is jointly offered by us and amember of the BMO Financial Group (“BMO”). Also, if you would prefer not tohave us use your SIN for administrative purposes, just ask us. This option does notapply where we are required to use your SIN for income tax reporting purposes.

Your Pr ivacy :The provision of products and services under this Agreement is not conditionalupon your consent to the use or sharing of your personal and financialinformation. You may revoke your consent to the use or sharing of your personaland financial information at any time by writing to BMO Investments Inc. If yourevoke your consent, you may not receive information regarding certain productsand services of the BMO Financial Group (“BMO”). If you wish to be extendedcredit from members of BMO, then these members may obtain informationabout you from financial institution(s) or credit bureaus, and you authorize thosethird parties to give BMO (including BMO Investments Inc.) such information.BMO Investments Inc. may also disclose information to other financial institutionsand credit bureaus with whom you propose to have financial dealings.

Protect ion of Personal Informat ion:BMO Investments Inc. (“BMO Mutual Funds”) has the right to establish clientfiles and the object of such files will be the collection of information relatingto the client’s investments at BMO Mutual Funds. Client files will be kept onthe premises of the branch where the clients’ accounts are being held. Eachclient is entitled to access and to rectify the information maintained in his orher file by sending a written request to the attention of the client’s branchmanager. Within BMO, the following categories of persons shall have access to the client information: mutual fund representatives, the management ofthe branch where the client’s files are held, members of the Operations,Compliance and Legal departments.

CON T I NUOU S S AV I NG S P L AN AGR E EM EN TI/We understand that this is only a request to set up a Continuous SavingsPlan and that each transaction pursuant to this request is subject to acceptanceby BMO Investments Inc. This Continuous Savings Plan will continue in effectuntil the End Date or until I/we provide notice to terminate this ContinuousSavings Plan to BMO Investments Inc. on 10 business days prior written notice.For more information on my/our right to cancel this Continuous Savings Plan,I/we may contact BMO Investments Inc. by visiting my/our local BMO Bank ofMontreal branch, calling the BMO Investment Centre at 1-800-665-7700 or bymail: BMO Investments Inc., 1 First Canadian Place, 100 King Street West, 43rdFloor, Toronto, ON, M5X 2A1. I/We understand that I/we have certain recourserights if any debit does not comply with this agreement. For example, I/wehave the right to receive reimbursement for any debit that is not authorized oris not consistent with this Continuous Savings Plan agreement. To obtain moreinformation on my/our recourse rights, I/we may contact my/our financialinstitution or visit www.cdnpay.ca. I/We acknowledge that a transactionconfirmation will only be issued for the first transaction pursuant to thisContinuous Savings Plan, although account statements will be issued at leastsemi-annually summarizing all transactions in my/our account.I/We authorize BMO Investments Inc. to draw, by means of personalpreauthorized debits, on my/our account at the financial institution notedto effect the Continuous Savings Plan. I/We authorize the applicablefinancial institution to process such debits against my/our account inaccordance with the rules of the Canadian Payments Association (“CPA”).I/We acknowledge that a handling fee may be charged to me/us if thereare not sufficient funds in the account when a debit is processed to make apurchase of BMO Mutual Funds according to the continuous Savings Plan.BMO Investments Inc. may reverse a Continuous Savings Plan purchase ofmutual funds, or continue to hold me/us responsible for such purchases ifthere are not sufficient funds to effect the purchase or if the debittransaction is reversed by the paying financial institution. The financialinstitution processing these pre-authorized debits is not required to verifythat BMO Mutual Funds were purchased in accordance with this agreement.I/We acknowledge that delivery of this agreement to BMO Investments Inc.by me/us constitutes delivery to my/our financial institution described andI/we consent to the disclosure of any personal information which may becontained in this authorization to such financial institution. I/We certify thatall information provided with respect to the Account to be Debited isaccurate and I/we agree to inform BMO Investments Inc. in writing of any

change in the account information provided in this Agreement at least ten(10) business days prior to the next scheduled debit. In the event of anysuch change, this Agreement shall continue in respect of any new accountto be used for pre-authorized debits. If for any reason a debit was notdrawn in accordance with this agreement, such debit may be disputed bycompleting a declaration within 90 days at the financial institution thatdebit was drawn from. Applicable to the Province of Quebec only: It is theexpress wish of the parties that this Agreement and any related documentsbe drawn up and executed in English. Les parties conviennent que laprésente convention et tous les documents s’y rattachant soient rédigés etsignés en anglais.

BMO I N V E S TM EN T C E N T R E AGR E EM EN T –T E L E PHON E A CC E S SInst ruct ions :BMO Investments Inc. is authorized to accept instructions (“Instructions”) fromme/us by telephone, facsimile or other electronic means:a) to deal with any BMO Mutual Fund or Bank of Montreal Mortgage

Corporation (“BMMC”) GIC held in my/our name(s) at BMO Investments Inc.Instructions may include, among others, trading transactions such aspurchases, exchanges or redemptions, and changes to my/our investmentobjectives and other personal information;

b) to transfer money to or from the bank account specified in Section 6 hereofby initiating electronic deposits to or withdrawals from such account.

I/We consent to the recording of my/our telephone calls with BMO Investments Inc.

Act ing on Inst ruct ions :I/We agree that all Instructions accepted and acted upon by BMO InvestmentsInc. will, in the absence of gross negligence or willful misconduct on the partof BMO Investments Inc., be considered to be valid, notwithstanding that,among other things, they did not come from me/us, or were different fromany previous or later Instructions.

Not Act ing on Inst ruct ions :I/We acknowledge that BMO Investments Inc. may decide not to act uponmy/our Instructions for any reason, including, if it doubts that they areaccurate or are from me/us, or if they are not understood. BMO InvestmentsInc. reserves the right not to accept my/our request if they decide at theirdiscretion that it is not appropriate to do so, based on the personal investmentobjectives and other information I/we have provided.

Your Password:I/We acknowledge that I/we am/are responsible for maintaining theconfidentiality and security of my/our password.

Conf i rming Your Ident i ty :I/We understand that BMO Investments Inc. may take steps to confirm my/ouridentity prior to acceptance of any request to transact for my/our account.

Terminat ion:I/We acknowledge that this authorization may be terminated by me/us bywritten notification to BMO Investments Inc. and the termination will beeffective 5 days after delivery of such notification.

Withdrawal and Service Interruption:I/We agree that BMO Investments Inc. may withdraw these services at anytime and will not be liable for any damages, losses, costs or injury related tothe use of these services or cancellation of any or all of these services,including for its inability to receive instructions because of problems orinadequacies involving telephone, facsimile or other electronic systems.

Payments:I/We acknowledge that payment may not reach the account specified by me/usherein for up to 5 business days following the giving of Instructions by me/us.

J O I N T AND S E V E RA L A CCOUN T AGR E EM EN TInstructions and Payments:We agree that BMO Investments Inc. or Bank of Montreal Mortgage Corporation(“BMMC”) may take instructions to sell, exchange, or otherwise deal with theunits of the Funds or the GICs in the Account from any one of us, and may payall proceeds from the redemption of units or GICs or from distributions to anyone of us, or our respective attorney or agent. Payment of such amount may bemade in reliance upon a receipt signed by any one of us, or our respectiveattorney or agent, and such payment shall discharge BMO Investments Inc. orBMMC from all liabilities whatsoever with respect to the units and monies sopaid. Any one of us may give instructions to BMO Investments Inc. or BMMC withrespect to any matter or changes relating to the Account such as, but not limitedto, changes to our personal information, changes to investment instructions, orother matters.

Investment Objectives:We agree that the information regarding Primary Objectives, Risk Tolerance,ownership of other funds, Time Horizon and Investment Knowledge, as recorded

Form No. 435 (01/14)

in this application and all subsequent applications, are applicable to all of us andwill apply to the Account. We also agree that Annual Income and Net Worth, asrecorded in this application and all subsequent applications, are recorded on acombined basis (that is, as the total Annual Income and Net Worth of all of us).

Statements:We acknowledge that BMO Investments Inc. or BMMC does not need to sendnotices, confirmations or statements to all of us. Notices, confirmations andstatements will be effective and binding on all of us when they are sent to anyone of us at the latest address kept in the records of BMO Investments Inc. orBMMC or by electronic deliver to the BMO Online Banking profile(s) linked to anyone of the accoundholders.

Joint Tenancy (not applicable in Quebec ) :We acknowledge that unless otherwise agreed in writing, all units or GICspurchased and any units or monies arising from a distribution made under theAccount is our joint property with the right of survivorship. It is understood andagreed that if one of us should die, all assets in the Account automaticallybecome property of the other Accountholder(s). In order to make this legallyeffective, we each assign such assets to the other Accountholder (or the othersjointly if there is more than one other Accountholder).

COMP LA I N T H AND L I NG P RO C E DUR E S O F BMO I N V E S TM EN T S I N C .BMO Investments Inc. has procedures in place to handle any written or verbalcomplaints received from clients in a fair and prompt manner. The following is asummary of those procedures:

The Client Complaint Information FormElsewhere on this account form you will find the Client Complaint Information Form(CCIF) that provides you with additional options for making a complaint.

How to File a Complaint with BMO Investments Inc.1. We encourage you to speak with the Branch Manager at the BMO Bank of

Montreal branch where your complaint originated and where you normallyconduct business or with the BMO Investment Centre at 1-800-665-7700.

2. If your complaint remains unresolved after following step 1 the Branch Managerwill escalate your complaint to BMO Investments Inc.'s Head Office. You maymake your complaint directly to our Head Office at:BMO Investments Inc.Compliance Department1 First Canadian Place100 King Street West, 19th floorToronto, ON M5X 2A1Facsimile: 416-867-4015E-mail: [email protected]

All complaints are forwarded to qualified compliance or supervisory personnel to behandled. We encourage you to put your complaint in writing or by e-mail (clients whochoose to communicate by e-mail should be made aware of possibleconfidentiality issues regarding internet communications) where possible. If youhave difficulty putting your complaint in writing, please advise us so that we can provideyou with assistance. For confidentiality reasons, we will only deal directly with you oranother individual who has your express written authorization to deal with us.

Complaint Handling ProceduresWe will acknowledge by mail receipt of your complaint promptly, generally withinfive business days, and provide you with a copy of the CCIF and these complainthandling procedures. We will review your complaint fairly, taking into account allrelevant documents and statements obtained from you, our records, our Mutual FundSalesperson(s), other staff members and any other relevant source. Once wecomplete our review we will provide you with the results of our investigation in aresponse letter that will be mailed to you0. Our response may be an offer to resolveyour complaint, a denial of the complaint with reasons or another appropriateresponse. Our response will summarize your complaint, our findings and will containa reminder about the option you have to escalate your complaint to the Ombudsmanfor Banking Services and Investments (OBSI). We will generally provide our responsewithin ninety days, unless we are waiting for additional information from you or ifyour complaint raises complicated issues that require additional investigation. We willrespond to communications you send us after the date of our response to the extentnecessary to implement a resolution or to address any new issues or information youprovide.

SettlementsIf we offer you a financial settlement, we may ask you to sign a release and waiverfor legal reasons.

Contacting BMO Investments Inc.You may contact us at any time to provide further information or to inquire about thestatus of your complaint, by contacting the individual handling your complaint.

MUTUA L F UND D EA L ER S A S SO C I AT I ON O F C ANADA - C L I EN T COMP LA IN TIN FORMAT I ON FORMClients of a mutual fund dealer who are not satisfied witha financial product or service have a right to make acomplaint and to seek resolution of the problem. MFDAMember dealers have a responsibility to their clients toensure that all complaints are dealt with fairly andpromptly. If you have a complaint, these are some of thesteps you can take: • Contact your mutual fund dealer. Member firms areresponsible to you, the investor, for monitoring theactions of their representatives to ensure that they arein compliance with by-laws, rules and policies governingtheir activities. The firm will investigate any complaintthat you initiate and respond back to you with theresults of their investigation within the time periodexpected of a Member acting diligently in thecircumstances, in most cases within three months ofreceipt of the complaint. It is helpful if your complaint isin writing.• Contact the Mutual Fund Dealers Association of Canada(“MFDA”), which is the self-regulatory organization inCanada to which your mutual fund dealer belongs. TheMFDA investigates complaints about mutual funddealers and their representatives, and takesenforcement action where appropriate. You may makea complaint to the MFDA at any time, whether or notyou have complained to your mutual fund dealer. TheMFDA can be contacted:

• By completing the on-line complaint form atwww.mfda.ca

• By telephone in Toronto at 416-361-6332, or toll free at 1-888-466-6332

• By e-mail at [email protected] (You may wishto consider issues of internet security whensending sensitive information by standard e-mail.)

• In writing by mail to 121 King Street West, Suite 1000, Toronto, ON M5H 3T9 or by fax at 416-361-9073

Compensation:The MFDA does not order compensation or restitution toclients of Members. The MFDA exists to regulate theoperations, standards of practice and business conduct ofits Members and their representatives with a mandate toenhance investor protection and strengthen publicconfidence in the Canadian mutual fund industry. If youare seeking compensation, you may consider thefollowing:• Ombudsman for Banking Services and Investments(“OBSI”): After the dealer’s Compliance Department hasresponded to your complaint, you may contact OBSI.


Form No. 435 (01/14)

You may also contact OBSI if the dealer’s ComplianceDepartment has not responded within 90 days of thedate you complained. OBSI provides an independentand impartial process for the investigation andresolution of complaints about the provision of financialservices to clients. OBSI can make a non-bindingrecommendation that your firm compensate you (up to$350,000) if it determines that you have been treatedunfairly, taking into account the criteria of goodfinancial services and business practice, relevant codesof practice or conduct, industry regulation and the law.The OBSI process is free of charge and is confidential.OBSI can be contacted:

• By telephone in Toronto at 416-287-2877, or tollfree at 1-888-451-4519

• By e-mail at [email protected] • Legal Assistance: You may consider retaining a lawyerto assist with the complaint. You should be aware thatthere are legal time limits for taking civil action. Alawyer can advise you of your options and recourses.Once the applicable limitation period expires, you maylose rights to pursue some claims.

• Manitoba, New Brunswick and Saskatchewan:Securities regulatory authorities in these provinceshave the power to, in appropriate cases, order that aperson or company that has contravened securitieslaws in their province pay compensation to a claimant.The claimant is then able to enforce such an order as ifit were a judgment of the superior court in thatprovince. For more information, please visit:

Manitoba: www.msc.gov.mb.ca New Brunswick: www.nbsc-cvmnb.ca Saskatchewan: www.sfsc.gov.sk.ca• Québec: The Autorité des marchés financiers (“AMF”)pays indemnities to victims of fraud, fraudulent tacticsor embezzlement where those responsible areindividuals or firms authorized to practice under thelegislation governing the provision of financial servicesin Quebec. It also rules on the eligibility of claims andsets the amount of the indemnities to be paid tovictims. Consumers can thus be compensated to amaximum of $200,000 per claim, through fundsaccumulated in a financial services compensationfund. For more information, please visitwww.lautorite.qc.ca.


Form No. 435 (01/14)

N EW/ E X I S T I N G A CCOUN T A P P L I C AT I ON -D S P Mai l ing AddressThis is where the Accountholder's statements, tax forms, etc., will be sent toif requested.Account Ef fect ive DateThis date that the account was opened.Bir th DateMandatory. Accountholder must be age 18. Use extreme care recording birthdate.BMO Investment CentreThe BMO Investment Centre is where clients can perform various transactionson their accounts via telephone. Transactions include purchases,exchanges, redemptions, personal information changes, etc. Call us at1-800-665-7700, or visit us at www.bmo.com/mutualfundsCSP F i rst Due and Cancel DatesAllow one business day for BMO bank accounts and 3 business days for non-BMO bank accounts. CSP MinimumsFund payment breakdown;$50, monthly $150, quarterly.Mandatory-Number of Dependant(s)-Occupation-Name of EmployerPurchase MinimumsSavings Accounts - $50GICs - $1000Mutual Funds - $500 initial ($1000 if BMO FundSelect Portfolios) (not applicable for Group Plans)Source of Wealth (select a l l that apply)-Employment Income-Family Income-Gift-Grants/Scholarships/Bursaries-Insurance Claims/Payments-Investment Income (Savings)-Retirement/Pension Income-Sale of Asset/Home/Business-Self-Employment Income-Social Assistance-Support Payments-Trust/Inheritance-Windfall-Casino/Contest/Lottery Winnings

BRAN CH I N ST RU C T I ON S H E E T